Morgan Stanley Maintains Thomson Reuters Corp to Equal-weight with Price Target $43.00

Brokerage firm Morgan Stanley Maintains its rating on Thomson Reuters Corp(NYSE:TRI). In a research note issued to the investors, the brokerage major Raises the price-target to $43.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Aug 1, 2016.

In a different note, On Jun 27, 2016, TD Securities said it Downgrades its rating on Thomson Reuters Corp. The shares have been rated ‘Hold’ by the firm.

Thomson Reuters Corp (TRI) remained unchanged at the close of Monday session. Even as the volume increased to 5,88,044 ,the shares failed to make any impression and ended at 0 points or 0.00% at $41.29. The trading session commenced at $41.34 and the stock hit a high of $41.37 and touched $41.07 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $43.677 and the 52-week low is $33.96. The company has a market cap of $30,786 M and has approximately 74,56,13,500 outstanding shares.

Thomson Reuters Corp(TRI) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.77B. Analysts had an estimated revenue of $2.83B. Earnings per share were $0.50. Analysts had estimated an EPS of $0.48.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk Legal Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news information and analytics enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information decision tools software and services that support legal investigation business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information software and services for professionals in accounting firms corporations law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information decision support tools and services.

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